First Internet Bank: 1.92% Business Money Market Savings Account

December 17, 2019
3 Comments
by William Charles

Offer at a glance

  • Interest Rate: 1.92%
  • Minimum Balance: None
  • Maximum Balance: None listed
  • Availability: Nationwide
  • Hard/soft pull: Hard pull
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: $6, avoidable
  • Insured: FDIC

The Offer

Direct link to offer

  • First Internet Bank offers a business money market savings account that offers 1.92% APY

Avoiding Fees

Account has a $6 monthly fee, this is waived with an average daily balance of $4,000

Our Verdict

This is the best current high yield business savings account.

 

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3 Comments
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Curmudgeon
Curmudgeon (@guest_1446360)
September 16, 2022 02:42
#1446360

Rate on this account is now 1.5% but offers 2.25% if balance is over $5 million. Monthly fee has dropped to $5, waived with $4k+ balance

Also, per website new accounts can be funded with Visa / Mastercard (didn’t say how much though).

Personal money market pays 1.9% up to $1 million, 2.25% if more than that. Has same $5 monthly fee, waived with $4k+ and offers $10 in ATM fee rebates monthly

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das1996
das1996 (@guest_858571)
December 17, 2019 10:54
#858571

Please delete.

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Kid Lightning
Kid Lightning (@guest_859747)
December 19, 2019 11:32
#859747
  das1996

Why? Also monthly fee is $5

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